Corporate Governance

Group structure and shareholders


Under Swiss company law the Group is organised as a limited company that has issued shares of common stock to shareholders. Kuehne + Nagel International AG is the ultimate holding company of the Group.

Operational group structure

Kuehne+Nagel’s operating businesses are organised into the following four business units:

  • Sea Logistics
  • Air Logistics
  • Road Logistics
  • Contract Logistics

Additionally, operating performance is presented in the following geographical regions:

  • Europe, Middle East and Africa (EMEA)
  • Americas
  • Asia-Pacific

Business performance is reported according to this operational structure. For further information on the business units, please refer to the status report and the consolidated financial statements respectively.

Listed companies of the Group

Kuehne + Nagel International AG, the ultimate holding company, is the only company listed on the Stock Exchange within the scope of the Group’s consolidation. Kuehne + Nagel International AG has its registered office in Schindellegi (Feusisberg), Switzerland, and its shares are listed on the SIX Swiss Exchange, Zurich. The Company is included in the Swiss Market Index (SMI), the index for Switzerland’s blue-chip equity market. The Company’s market capitalisation amounted to CHF 34,995 million (120,753,783 registered shares of nominal value CHF 1.00 at CHF 289.80 market value per share) on the closing date December 31, 2023.

Of the total Kuehne + Nagel International AG share capital on the closing date:

  • the free float consisted of 53,032,830 shares = 43.9 per cent,
  • treasury shares consisted of 2,438,865 shares = 2.0 per cent

Kuehne + Nagel International AG shares are traded under the symbol “KNIN”, the security number is 2,523,886 and ISIN is CH0025238863.

Non-listed companies in the Group’s consolidation

The main subsidiaries and associated companies of the Group are disclosed in appendix “Significant consolidated subsidiaries and joint ventures” to the consolidated financial statements, including particulars as to the country, name of the company, location, share capital, and the Group’s stake in per cent.

Major shareholders

According to the share register as of December 31, 2023, the following registered shareholders held more than three per cent of the total share capital of Kuehne + Nagel International AG:

  • Kuehne Holding AG, Schindellegi (Feusisberg), Switzerland, held 54.1 per cent; all voting rights of Kuehne Holding AG are held directly or indirectly by Klaus-Michael Kuehne.
  • Kühne Foundation, Schindellegi (Feusisberg), Switzerland, held 4.7 per cent.
  • Black Rock Inc., New York, United States of America, held 3.1 per cent.

Notifications are published on the SIX Swiss Exchange electronic publication platform, and can be accessed via the following link: SIX Swiss Exchange

On December 31, 2023, shares of unregistered owners amounted to 22.1 per cent of the issued shares.


On the closing date, there were no cross-shareholdings outside the Group in place.